§ 30:136.1 — Proceeds from mineral royalties, leases, and bonuses; payment into the Bond

Louisiana § 30:136.1

• Jurisdiction: Louisiana
• Title 30: Mortgages and Privileges

Text

§136.1. Proceeds from mineral royalties, leases, and bonuses; payment into the Bond
Security and Redemption Fund; payment into the Louisiana Investment Fund for
Enhancement (L.I.F.E.)
A. The proceeds of all royalties from all mineral leases to be granted, as well as all
mineral leases heretofore granted, by the state of Louisiana on state-owned land, lake and
river beds, and other water bottoms belonging to the state remaining after complying with
dedication of such revenues heretofore made and after deductions of any appropriations of
such revenues made by law for the payment of the expenses of the State Mineral and Energy
Board, shall be paid into the state treasury and shall be credited to the Bond Security and
Redemption Fund.
B. The proceeds of all leases and bonuses, including annual delay rentals under said
leases to be granted as well as all proceeds from mineral leases and delay rentals thereunder
heretofore granted, by the state of Louisiana on state-owned land, lake and river beds, and
other water bottoms belonging to the state remaining after complying with dedications of
such revenues heretofore made and after deduction of any appropriations of such revenues
made by law for the payment of the expenses of the State Mineral and Energy Board, shall
be paid into the state treasury for credit to the Bond Security and Redemption Fund.
C. Repealed by Acts 2023, No. 345, §2, eff. Dec. 21, 2023.
D. After deposit to the Bond Security and Redemption Fund as required under the
provisions of Article VII, Section 9(B) of the Constitution of Louisiana, an additional fifteen
dollars per acre shall be collected from the mineral lessees and deposited into the Louisiana
Wildlife and Fisheries Conservation Fund, and an additional fifteen dollars per acre shall be
collected from the mineral lessees and deposited into the Oil and Gas Regulatory Dedicated
Fund Account created by R.S. 30:21. The funds deposited under the provisions of this
Subsection shall be used to supplement funds available to the recipient agencies and shall not
be used to supplant other funds available to those recipient agencies.

Legislative History

Added by Acts 1975, No. 511, §1. Amended by Acts 1976, No. 244, §1, eff. July 1, 1977; Acts 1979, No. 454, §1; Acts 1979, No. 577, §2; Acts 1979, No. 791, §2, eff. July 18, 1979; Acts 1981, Ex.Sess., No. 41, §1, eff. Nov. 23, 1981; Acts 1986, 1st Ex. Sess., No. 25, §1, eff. Dec. 24, 1986; Acts 1992, No. 984, §§9, 18; Acts 2000, 2d Ex. Sess., No. 8, §1; Acts 2005, No. 89, §1; Acts 2009, No. 196, §2, eff. July 1, 2009; Acts 2015, No. 362, §1; Acts 2021, No. 114, §18, eff. July 1, 2022; Acts 2023, No. 345, §2, eff. Dec. 21, 2023.